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$1.9 billion to settle u.s. allegations of money laundering. our chief economics correspondent has all the details. >> the largest bank in money- laundering, cartels washed through the bank. it resulted in a $1.9 billion fine, the biggest in u.s. banking history. the american authorities >> the corruption of the financial system by drug traffickers and other criminals, and free evading u.s. sanctions and law. >> they find $7 billion will be transferred between mexico and the u.s.. there were 25,000 transactions involving iran. in $290 million in suspicious traveler's checks were cleared by the bank. in a statement, they said they were story -- sorry for past mistakes. the former chairman was appointed as trade minister for david cameron. he had this to say when the allegations emerged in july. >> there were failures of the implementation, they expressed regret for that. it is a company i am proud to have worked for. >> they are not the only british bank to run these. the accusations of sanctions violations. other leading european banks have also in recent years reached settlements
, corruption scandals, and disastrous investments in the u.s. and brazil. it was hoping to benefit from lower production costs at the new steel plant near rio de janeiro. the costs to build the facility have spiraled out of control. billions of euros wasted. it is a similar picture in the u.s. where a costly steel plant is incurring heavy losses due to the steel downturn. investment decisions have weighed heavily with building costs rising to 12 billion euro. to make matters worse, they have been hit with huge funds in their real division. this has triggered a leadership crisis. the executive board has asked three top executives to leave. >> until now, there has been in management style where the old boys' network was more important than corporate success. to some extent, this led to ignoring irregularities rather than correcting them. >> despite the crisis, he is trying to reverse the fortunes. they plan to sell the troubled plants in the u.s. and reduce their presence in the risky steel sector. they are examining all options. >> for more rainiers on the reaction from traders, we have this r
troops on it is side of the militarize zone separating from south korea. as well as nearly 30,000 u.s. forces. not only are they within strikes distance of the launch site, a long-range rocket shows north korea is on its way to developing technology to launch a rocket at the united states's west coast and hawaii. officials tell cnn that the working assumption is that the north koreans got outside help from others, including iran. so today's launch is raising some huge concerns. let's go to our pentagon correspondent barbara starr. i assume they are pretty surprised and alarmed by the successful launch over at the pentagon? >> look, wolf, because of everything you just mentioned, indeed, the u.s. military, the intelligence committee have been watching north korea for days now 24/7 because they did expect to launch and they announced it. but they were having technical problems so a lot thought it wouldn't happen until next week. when it happened last week, there was a surprise. the north korean anchor's excitement was clear. >> announcing the launch of a long-range rocket that put a nor
with politics and public affairs, we casey jennings live coverage of the u.s. senate. on weeknights watched key public policy defense. every weekend the latest nonfiction authors and books on booktv. you can see past programs, get our schedules at our website, and you can join in the conversation on social media sites. >> twenty-five years ago the u.s. and the soviet union signed a treaty which removed thousands of nuclear missiles from europe. former reagan administration officials talk about the negotiations that led to the intermediate nuclear forces treaty. at this event hosted by the american foreign service association, it's an hour 20 minutes. >> okay. i think we're ready to go. i would invite everyone to take their seats. i'd like to wish all a very good morning. i'm susan johnson, the president of afsa, and i'd like to extend a very warm afsa welcome to you all, and thank you for coming to this important and special panel discussion, and also celebration of the 25th anniversary of the signing the inf treaty. special thanks of course go to our panelists and our moderator, and i should n
of the inauguration of the president of the u.s. capitol. >> we are glad you are all here, this is the platform were the inauguration will take place. it is on schedule, it is on budget. our job, senator alexander and myself were in charge of this part of the inauguration. it is the presidential inaugural committee. it is also known as pic. let me review some numbers and specifics. the first inaugural on the west front was ronald reagan's ceremony in 1981. the person in charge of building the platform is steve ayers, the architect of the capital. the platform will be about 10,000 square feet. the same size as the platform in 2005, which was the largest platform ever built. as you know, on this there will be 1600 people were comes to this platform. it has to be very strong. the former president, joins you, governors, and the diplomatic corps. one of which comes from brooklyn, one comes from near chattanooga. it is a bipartisan concept inaugural. the platform is made whole with specification so everyone can see pretty well. the design began more than a year ago. construction began in september. >> tha
a number of british banks. there are several investigations in the u.s. by the securities and exchange commission concerning whether deutsche bank under reported risk in connection with mortgage securities and derivatives. that is particularly ironic. during the financial crisis, deutsche bank was very pleased that it did not call for -- ask for government help, did not ask for a bailout, and it came to the crisis allegedly unscathed. all of this casting doubt about whether deutsche bank's reputation is as golden as it was thought to be. >> thank you very much for joining us, melinda. >> we turn to the markets. the tax-evasion probe was the governing topic there, too. have this report from the frankfurt stock exchange. in the investigation against deutsche bank have been the big issue on the frankfurt -- >> the investigation against which a bank have been the big issue. the co-ceo is under investigation. experts fear there might be heavy image problems for deutsche bank, not because of these investigations, but also because of the fact that there might have been market manipulations ma
authority this that country, many are asking what this may mean in terms of u.s. involvement. but senior administration officials said there's still no plans to arm this group. yet the government hasn't ruled it out. the other issue on the forefront on the president's mind, the u.s. economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off if we get this done. the most important thing we can do is make sure middle class taxes don't go up on january 1. and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> prediction, are you going to be able to raise taxes, yes or no? >> taxes are going to go up one way or another. and i think the key is to make sure that taxes go up on the high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal, but time
of a modern day axis of evil for the u.s. iran is thought to be working on a nuclear bomb. the explosive situation in syria passed another landmark today. we begin with chief washington correspondent james rosen at the state department. on the failure to keep the north koreans grounded. >> with north korea successful launch of the three-stage rocket tuesday night the obama administration was left to ponder the limits of the engagement policy it doggedly pursued with rogue regimes around the world. >> as we have seen in the case of north korea, as we have seen in the case of iran to date, it's their choice whether they take advantage of it. spend his time and his money. shooting off missiles or he can feed his people. but he can't have both. >> reporter: after the u.n. security council disbanded without announcing any punishment, the white house and state department signaled intention to outsource the job to the north korea patron state china. >> i think you saw the chinese make clore their opposition to this launch, prior to it and the regret over the fact it took place after it happened
, president obama announced tuesday that the u.s. will now formally recognize the syrian opposition movement. >> we've made a decision that the syrian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population, >> ifill: hours later, the friends of syria meeting in marrakech, morocco took the same step. the u.s. became one of 114 nations to endorse the syrian national council created just last month under international pressure. deputy secretary of state william burns: >> in a growing number of towns and villages, a new syria is being born, the regime of bashar al assad must and will go, the sooner he steps aside the better for all syrians. >> ifill: despite showing signs last week of a possible shift in russia's position, the decision did not go down well in moscow, which opposes outside action against the assad regime. foreign minister sergei lavrov: >> ( translated ): as the coalition has been recognized as the only legitimate representative, it seems that the united states decided to place all bets on the armed victory of this very nati
: the preferred financial institution of drug cartels and money launders. that is a quote today in a u.s. department of justice report about h.s.b.c. holdings, one of the largest banks in the world. to avoid criminal prosecution, h.s.b.c. admitted today that it laundered more than $800 million for mexican drug cartels and covered up illegal transactions for burma, iran, sudan, cuba, and libya. those nations were under banking sanctions because of human rights atrocities, terrorism, or, in iran's case, a nuclear program. the british bank will pay $1.9 billion to the u.s. government, the largest such fine in history. senior correspondent john miller is in new york following the story for us tonight. john? >> reporter: scott, it's a case that has everything: everything except an arrest. and that struck some as odd because in an 80-page document of court papers, the bank admits to almost going out of its way to act as a financial clearing house for international pariahs and drug dealers. h.s.b.c. officials listed mexico in its lowest risk category for money laundering during a four- year per
that signals a whole new day for the u.s. barbara walters is here right now with what happened at the white house today. barbara? >> reporter: just a year ago this month, i met with president assad in damascus and i questioned him about the slaughter of his people. since then, 40,000 people have been killed. well, today, president obama had some big news. for the first time, he is putting the syrian opposition on the path to be recognized as the new government if and when assad falls. i'd like to talk about syria. do you plan to recognize the opposition and give them some legitimacy? >> we've made a decision that the syrian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population, that we consider them the legitimate representative of the syrian people, in opposition to the assad regime, and so we will provide them recognition and obviously with that recognition comes the responsibilities on the part of that coalition. >> reporter: that's a big step. >> it is a big step. there is a small element of those who oppose the assad regime that
purposes. u.s. says they believe it's a cover to deliver nuclear weapons. the test defies international warnings and it's likely to bring new sanctions against the north. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on h
. for the u.s. and others in the community support a federal solution the eastern congo with full knowledge this is likely rwanda's primary objective in the first place? stepping back from the current dynamics, federalism and another sub is neither inherently good or bad proposition , but when driven by neighboring state which would benefit enormously from it, federalism can be problematic to say the least. diplomats commonly affirmed everyone they can and must be a part of a solution. which solution i would ask. the rwandan solution for this crisis appears to have been identified well before the shots were even fired. thank you, mr. chairman for the opportunity to share the findings. >> thank you for her testimony. and now mr. prendergast. >> thank you for your extraordinary commitment to the people of the congo. deeply appreciated by everyone in this room. i want to begin by echoing something you said, congressman smith, earlier in the hearing. no one is questioning the hard work and dedication in decades of long commitment to key administration officials have exhibited on behalf of peace
heard from u.s. officials, they are calling this very highly provocative act. it has been a swift response. we have a statement from national security council spokesman tommy vitter. he said, quote, this action is yet another example of north korea's pattern of irresponsible behavior. the united states remains vigilant in the face of north korean provocations and fully committed to the security of our allies in the region, devoting scarce resources to the development of ballistic missiles and nuclear weapons has not brought north korea security and skaept tans by the international community and never will. jenna, as you mentioned the u.n. security council is meeting as we speak behind closed doors. the north koreans have very little to fear in terms of serious sanctions as a result of this action because of course its friend, china is on the security council and has blocked those kind of actions in the past, jenna. jenna: interesting that you mentioned china. is there any indication that the north koreans had help from the outside? any sort of outside country with this launch? >>
? >> essentially, it's what he said. al assad is not the representative of the syrian people. the u.s. and other than western countries have called on bashar al assad to step down. concretely it is a diplomatic move. it was expected. what it doesn't change and this is what the rebels and the opposition want is whether or not they get more money and more arms. they're saying in their meeting with the friends of morocco group, friends of syria group in morocco right now. they say recognition is fine, but we want weapons and more money. right now they're not getting it from the west. >> the u.s. is not give them either one of those things. do they completely sever ties with assad? how does that relationship change, if at all? >> that relationship has been essentially marabund for the last several months. there mab no ambassador there are and they're sanctions impose on the regime and there's no polical relationship with the regime of al assad with the united states. it doesn't change anything on that level. that means we're inching closer and closer to this government in exile, if you will, as bein
the u.s. somewhat by surprise today, firing this long range rocket several days earlier than expected. the launch is raising worldwide concerns about the reclusive government's plans for its nuclear arsenal. the rocket was not carrying a warhead, north korea claims it launched a science satellite. the defense secretary leon panetta talked to erin burnett and said the u.s. is evaluating whether the rocket launch was a success. he said this, quote, we have no idea. we're still assessing exactly what happened to determine whether or not it really was a success. eight months ago, north korea totally flubbed a launch attempt, rocket broke apart after 90 seconds and fizzled into the ocean. jim clancy, cnn international here. talk to me, i guess, first, the fact that this was a surprise. how did north korea get this past the u.s.? >> well, it didn't really get past the u.s. it said it had a few problems, was going to delay the launch and then suddenly on calendar, e for many, and kim jong-il got very lucky. the three latest attempts had all failed. and this one appears, appears to be a succe
it blasted off the west coast and the u.s. military which monitors the activity of that isolated nation says it looked like an object was placed into orbit. so let's get up-to-date. chris lawrence is at the pentagon. >> we're getting better and new information about that north korean launch. u.s. officials now saying that the satellite that north korea put into space is now in polar orbit. norad has been monitoring it with its space sensors. remember, they tried a rocket launch earlier this year back in april. they did not have much success. this is the first time they have seen all three stages of that rocket launch work and be able to put a satellite into orbit. it sounds very benign, putting a satellite into orbit is not something that you would think of that has military connotations. but the same technology that you use to put a satellite into orbit is really the same kind of technology that you would use to build a long range nuclear missile. >> and the timing appears to have been some kind of surprise to u.s. officials. how worried is the pentagon right now after this launch? >> well,
cheney is up to his old tricks, attacking u.s. foreign policy and advocating for endless war. colonel lawrence wilkerson will be here to weigh in. >>> let's just pretend for a moment that dick cheney still has credibility on foreign affairs and national security. after all, it's been a decade since cheney drummed up support for a war based on faulty intelligence. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset sto
the bill about an hour ago making michigan the 24th state to be a right-to-work state in the u.s. mike tobin is on fox top story. is he live at the capitol in lansing. i just we just heard from the governor, right, mike? >> we did. we heard from the governor with a column of state troopers in riot gear surrounding his office building from. behind that column of protection he made his announcement that right-to-work is now a reality. here in michigan the cradle of organized labor and the governor explained why. >> fortrong reasons. first of all, worker choice. the freedom to choose and the concept of more and better jobs for our state. i think it was a good thing to sign this legislation and move forward. [shouting] >> the demonstrations did get tough. tent americans for prosperity was toppled by union demonstrators with people inside. there were no significant injuries. there was also a report that one person was pepper sprayed and that is an individual who attempt to man handle a female state trooper. no arrests were made. for the most part what you had out here shepard is sound and f
on the international front. late word that the president said that the u.s. will recognize the main syrian opposition group trying to throw out asaad. barbara walters saying we consider them the representative of the people. >> the president said with them comes responsibilities. reports today say the u.s. is planning to send 20 f-16 fighter jets to syria. >> is this the time to send secretary defense. >> if we are recognizing the opposition there, some reports say that it is full of al qaeda as and iraq and al kid is in syria. it is good that the at min tration is finally doing something. we have beeen sitting on their hands. >> the u.s. is sending 20 more f-16. he is at war with reformers and there are rights there. we no no idea what this consti tooth constitution. why are we doing this? >> i'm as confused. i kint of say how is that working for you? nothing to do with syria, yemen ebipt and this is a mess and so is our policy. >> you are right. but we want to be careful by not ailnating the military. >> do we know, ebipt was a secularist. now, the question here is, is it going to become a sharia.
, attacking u.s. foreign policy and advocating for endless war. colonel lawrence wilkerson will be here to weigh in. [ female announcer ] caroline penry began using olay total effects in 2001. and one wedding, 2 kids, 43 bottles of olay total effects and many birthdays later, still looks amazing. thanks to the trusted performance of olay. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil. potato with bacon. we've got a lotta empty cans. [ male announcer ] hear from our chefs on facebook this friday! >>> let's just pretend for a moment that dick cheney still has credibility on foreign affairs and nat
. if that money were moved back to the u.s. they would pay $35 tbers. megyn: don't they have 0 move the money out of bermuda. >> reporter: they can take it to singapore or china. it doesn't to come back to america. there is no law which says if you make money overseas it must come back here. megyn: now they are getting upset overseas. the french tax authority removed computer files in italy. the tax police searched the come numbers milan offices. they say they don't believe they are paying their fair share of tax. that may or may not be true. but if it's legal how much can they do? >> reporter: it's perfectly legal. they investigated various companies and put pressure object them from a public relations standpoint. starbucks, for example, they weren't forced to hand over money but they were pressured into making a special payment of $10 million pounds, $16 million to the british chancellor of the exchequer. they did it for good p.r. maybe something similar will happen with google. they don't have to pay. they have done perfectly legal stuff. megyn: he reportedly turned down being treasury secreta
an exclusive interview yesterday with abc's barn with a walters. u.s. security officials are monitoring syria in case asad will use chemical weapons against his own people. other world leaders are expected to recognize the opposition. they say they will not arm the rebel fighters, but we should learn more today about how they plan on supporting those opposition groups. more "bill press" coming up live after the break. stay with us. museum you're about to watch an ad message created by a current tv viewer for capella university. matter. education is the key. it is the vehicle. it's the way in which we evolve.[ music ] every journey is different every possibility is unique. but the beginning, the beginning is my craft. i'm an ordinary person striving to achieve extraordinary things. it started with a dream and i'm on my way there. [ ♪ theme ♪ ] [ music ] >> broadcasting across the nation, on your radio and on current tv this is "the bill press show." >> bill: >> bill: rick snyder from michigan has declared war on working families, and working families have to fig
at the rebels. jonathan hunt is at the united nations. this firing of scud missiles is new. >>jonathan: it is. u.s. defense officials believe that some half dozen or so of the scud missiles have been fired at targets north of damascus by the syrian security forces aiming at the rebels in the last few days. they do not have any reports any casualties. you will wreck that scud missiles were widely launched by saddam hussein during the 1991 gulf war. they were largely inaccurate then and it appear they have been inaccurate now. it is an odd choice, this soviet missile as a tactical weapon by the syrians but according to white house officials, it could be one more sign of president bashar al-assad's desperation. >> if true, this would be latest desperate act from a regime that has shown utter disregard for innocent life. utter disregard for the lives of its own citizens. again, the idea that the syrian regime would launch missiles in its borders at its own people is stunning, deputy prosecute, and a completely disproportionate military escalation. >> one of the fears is that scud missiles are capable
, which exists as both an adversary to certain u.s. interests and a fellow traveler sharing mutual goals and vulnerabilities on others. the ongoing challenge will be for the united states to disce discern, sometimes issue by issue, whether china is an adversary or a partner. and this calibration will impact america's relations with the rest of asia and may ultimately determine prospects for war or peace in this world. while visiting indonesia, thailand and the philippines in october, i was reminded of the economic vitality of southeast asia and the fact that the ten countries comprising asean represent now the fourth largest export market of the united states. these countries are center stage to the circumstances with china. we must stand firm with our friends throughout asia and actively pursuit prospects for free trade and open sea lanes and other policies that will strengthen america's economic growth. more broadly, we face the specter of global resource constraints, especially deficiencies of energy and food that can stimulate conflict and deepen poverty. we have made startling gains
this for well over a decade. north korea is not threatening to strike the u.s., but remember, north korea is a nuclear-armed country, unstable, secretive. and this is a significant step closer to being able to put a nuclear weapon on a long-range missile. >> the news was announced overnight, with great fanfare on north korean tv. an excited broadcaster calling the rocket launch a glorious success. this morning, america's aerospace defense command, norad, confirms it was a long-range galaxy 3 rocket, like this one. the most powerful the nation has ever launched. and a major step in its weapons program. >> what the north koreans have done with this launch is demonstrate the technological capability to launch an intercontinental ballistic missile, a long way. potentially threatening the west coast of the united states. >> reporter: the three-stage rocket was able to launch an object into low-level orbit. the north koreans say it was a satellite. but the u.s. believes it was merely testing the capability to carry a warhead. until now, north korea has attempted but failed four launches. abc's
the theory is one day the north careens could conduct a missile that could reach as far as the u.s. mainland and potentially loaded with a nuclear device. for the latest on this and civil war in syria, we're joined bidet that -- bidet that milbank. ambassador, we're told north korea has as many as a few dozen nuclear warheads. jay carney the president's spokesperson said that the president is concerned about north korea's behavior, but what do we do to make sure they don't create a missile that could potentially hit the u.s. mainland? >> that, martin, is the $64,000 question. because this is the most successful launch of what essentially a disguised ballistic missile test. the north koreans have never been able to achieve this type of success in sne past. it's an indication of how close they are to construct a missile capable of what you just said of reaching the west coast. and the best we have so far in terms of an arsenal of options is another u.n. security council resolution to impose even yet additional sanctions on north korea that all depends on how china reacts to that. and number tw
" scandal is standing there, as spokesman u.s. justice department saying they are not going to prosecute. >> you set it up not fair, you did not say, deferred prosecution. lou: i'm sorry who is going to jail. i want to get this right. >> not yet, but if they don't pay the money, if they don't -- they have 5 years of probation, at this point, so,. lou: you are right. >> brewer and the rest of the crew -- >> lisa i'm crushed. >> here is reality check. standing behind him, is loretta lynch. that is where real people get prosecuted. you take this same scenario, you take all those zeros, and make it 19,000-dollars to a guy who owns a restaurant, that guy is going to jail as sure as i'm bald, this is too big to fail. lou: i'm getting worried, a sense of fairness, is arthur being fair. >> he is, i am trying to do the best i can to argue this. lou: the government does not need an advocate, they are using power irresponsibly, and against the national interest, what do you with drug cartels, -- >> that already happened now at least government gets -- it is a deferred. lou: what crime has not alrea
syrian rebels in an effort to end assad's regime. the u.s. doesn't plan to provide arms to the rebels. >>> and from our parade of papers, "the dallas morning news." north korea has defied international warnings, firing another long-range rocket. the second such launch under new leader kim jong-un. korean state tv claims the launch was successful and that the rocket delivered a, quote, peaceful satellite into orbit. >>> this is a big morning now. >> it is. he's here. >> he's here in the flesh in new york city in the studio. >> 12-12-12. happy 12-12-12. >> top 12 reasons, something. >> willie and i since 11-11-11 -- >> i was watching you. >> and we're, like, on the holiday inn over on 57th. we're going to be ready when it's 12-12-12 because that's going to be a special day. we'll make a top 12 list of the things a man should do to -- >> and we want to get this right. >> we're going to get it right. >> because we were so wrong about y2k. >> we really were. >> the millennium. >> we really were. you know what? let's not kill hamlet in the first act. we're going to give you our special top
Search Results 0 to 28 of about 29

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